Home loan fintech secures $2bn funding

Home loan fintech secures $2bn funding

Athena Home Loans has inked a funding deal with global alternative investment group Cerberus and its non-bank lender subsidiary Bluestone.

The deal, which represents one of the largest fintech strategic partnerships in Australia, will supply provide Athena Home Loans with a $2bn funding over the next three years.

This is Athena Home Loans’ second whole-loan funding arrangement in the last six months. Late last year, the group sealed a $300m funding deal with Newcastle Permanent Building Society.

Athena Home Loans is considered one of Australia’s fastest growing fintechs. It has settled over $2bn in applications since its launch in February 2019.

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Source: Home loan fintech secures $2bn funding